TSXV:ABS.H - Post by User
Comment by
stockwiz1on Feb 12, 2008 9:14am
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Post# 14357427
Strong Day Coming$$$$$$$$$$$
Strong Day Coming$$$$$$$$$$$Nobody expected TAE to hit OIL and they did yesterday.
They gave a hint that they hit 10 Payzones. This is a huge hole, a big OIL hit.
Company carries a $ 4 million market cap.
Very few saw the news yesterday.
PRODUCTION revenues coming within a few weeks.
10 Payzones deeper than 10,000 feet
Multiple zones being verified above 10,000 feet.
News is pending on Flowrates, which should be 250 bpd per payzone, per historical drilling on the land.
This means 2,500 pbd of OIL at $ 91 or $ 227,000 per day of sales or $ 83 million in 1st year. And market cap is $ 4 million??????????
Not very hard to see where this is going.........